Published on : Jul 04, 2016
ALBANY, New York, July 04, 2016: A recent research report on the defense industry in Australia has been added to the repository of ResearchMoz.us. The report, titled “Future of the Australian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2021,” presents a comprehensive overview of the Australian defense industry and analyzes the market attractiveness and emerging opportunities in the coming years. The imports and exports of defense equipment in the industry have been studied in the report to analyze the defense procurement dynamics in Australia. The competitive landscape of the Australian defense industry has been described in the report, along with the profiles of some of the key industry profiles.
The report discusses the Strategic Defense Intelligence (SDI) Terrorism Index to examine the possibilities of terrorist attacks across the country. It also presents insights into the factors influencing the demand for better defense strategies. Australia has a score of 3.1 on the SDI Terrorism Index and faces moderate threat from foreign terrorist organizations. The Australian defense budget is anticipated to expand at an estimated CAGR of 5.75% during the period from 2017 to 2021. During this period, the country’s defense budget is expected to reach US$149 bn.
Australia’s participation in the UN peacekeeping missions, military modernization, and various research and development programs have boosted the growth of the defense industry. The report analyzes the budget allocation in the defense sector in Australia. The capital budget allocation in the defense sector is anticipated to be 34.1% during the forecast horizon. This is comparatively higher than the earlier allocation of 26.3% during the period between 2012 and 2016. The army expenditure is projected to reach a valuation of US$6.6 bn by 2021 while the naval expenditure is expected to reach US$5.5. bn by 2021. The budget allocation for the air force is expected to be high with the air force expenditure projected to cumulatively value US$28.9 bn during the forecast horizon.
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The country’s homeland security budget is projected to reach US$22.2 bn by 2021.The increased budget for homeland security can be attributed to the rise in the number of cyber-attacks, terrorist activities, and maritime threats in the country. In the arms market, Australia is expected to dominate the Asia Pacific region. The U.S. has been the largest arms supplier to Australia during the period between 2011 and 2015. In the coming years, the Australian defense industry is anticipated to witness a surge in the imports of aircrafts and ships.
Some of the major players in the Australian defense industry are Airbus Group, Navantia, General Dynamic Land Systems Australia, Austal Ltd., Raytheon Australia, Saab Systems, Lockheed Martin, Boeing, and Thales Australia. The Australian Submarine Corporation (ASC) is among the prominent public sector defense companies in Australia. The report profiles these market players on the basis of product portfolio, alliances, strategic initiatives, recent contracts, and revenue.
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